Total Honesty

I haven’t put up my numbers for how September went because, well, I’m completely and utterly embarrassed. As a personal finance blogger I should be better, but the truth of the matter is that the whole POINT of this blog is to keep me accountable. So if I’m hiding this from the blog then I’m not doing myself any good in the least.

So here is a “brief” summary of how September went:

Money In

Regular Salary: +$2,456

Part time Job: +$580

Tutoring: +$215

Miscellaneous: +$26.91

—————————–

Total Income $3277.91

Money Spent

Savings: -$100

Gas: -$75.01

Electronics: -$64.17

Food: -$252.62

Health: -$97.06

Pets: – $102.29

Cash Spent: -$420

—————————–

Total Spent: $1,011.15

Regular Bills: -$1,855

Total Money Out: $2866.15

That’s right… somehow I managed to spend $1,011.15 on my miscellaneous expenses for the month. I’m just… ashamed. My initial goal was to only spend $400, and in the three months prior I was able to spend $700 without any problem.  So I wanted to spend $300 LESS and ended up spending $300 MORE. Having the extra income acted as a buffer for me so I wasn’t going to my credit card or my emergency fund. However, the goal here is to SAVE money, not to SPEND money.

Anyway, the Earn More Challenge worked well for me last month, I made in total over $200 in tutoring and was really inspired to start finding unconventional ways to get more money. Always the Planner recently posted about a new challenge to spend only $20 during the work week for the month of October. I’m not sure that this is the right Challenge for me in October, but I definitely need some challenge.

I’ve gone through different ideas, like only living off of my second income for food and pet care. Or trying again to do a cash based system. But the truth is that putting nearly 1/2 of my income on my credit card every month is hard.Gazelle like intensity is hard over a long haul, especially when I only get paid once a month and if I slip up once in the month, the entire thing seems shot.

I need to decide what to do about my budget and my money for October. I’m just not sure. I wish I knew. I need something to inspire me – because right now I feel very hopeless and still a bit worn out from all of the work that I’ve been doing.

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4 Responses to Total Honesty

  1. mo says:

    I feel the same way. AS in, it is really hard to keep up the momentum. I did well in the earn more challenge, but slipped up in letting our account go over our limit, which means a shed load of bank charges. ARGH! one step forward and all that. One thing I did which has made me feel more positive though, was to increase me grocery budget. to quite a high level. And now I come in under it. Its not really the same problem a you have, but it helped me. Maybe you need to just stop, and have a wee rest day, then start again, one day at a time. and focus on things that don’t cost any money at all. Like reading a book, or doing something about the house that cheers you up and gets a result or something like that.

  2. Ann says:

    I was looking at the side bar on your blog and feeling pretty impressed by you. Over the last year it appears you have done a lot to reduce your debt and save. So, give yourself some credit for all the good work you have done! Okay, you had a bad month. You are human and we ALL make bad choices (otherwise we wouldn’t be blogging about personal finance!). Take a moment to consider what progress you have made and pat yourself on the back. Then, keep truckin’ because you CAN do this. 🙂

  3. Some months just suck the money right out from under you! It happens to all of us!

    Good for you for being honest. I know how hard that can be, not only feeling like you failed yourself, but all your readers, too. No worries though – pick yourself back up and keep plugging along! You can do it 🙂 Look at what you have done so far, hey, I am talking about your sidebars!! 😉

  4. Red says:

    As someone who’s just started to read your blog (meaning I’m getting the past year of posts read in just three or four days!), I have to say that you have come a long way! In September 2008, you wouldn’t have even spent less than you earned! I know it’s disappointing when we spend more than we plan to spend, but definitely keep in mind that you’ve come a long, long way in a relatively short amount of time. 🙂

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